Northern Trust has been appointed to deliver a range of asset services to the Pendal Group Limited across Australia, UK and Ireland. Northern Trust has also expanded the services it performs for Pendal’s business in the U.S. The appointment by Pendal, a global investment manager with AuM of AUD139.2bn (USD104.4bn), covers its wholly owned subsidiary J O Hambro Capital Management (JOHCM) in North America and Europe, as well as its Australian business.
Northern Trust has provided fund administration, regulatory administration, global custody and transfer agency services to JOHCM since establishing its first mutual fund offering in the U.S. in 2009. This mandate will now be extended to include global custody, fund accounting, financial and regulatory reporting, collateral management, and foreign exchange and middle-office services across all Pendal’s businesses.